Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$253,055$253,055$287,550
Remaining term (yrs)24.824.830.0
Secondary amount$0$34,495$0
Funding fee$1,265$1,265$0
Note rate2.500%2.500%7.400%
Blended rate2.500%3.280%7.640%
1st payment$1,137.98$1,137.98$1,990.94
2nd payment$0.00$258.72$0.00
Taxes / mo$266.25$266.25$266.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,554.23$1,812.95$2,464.70
Cash to close$66,445$31,950$31,950